No recovery until Pelosi get her way by stuffing the stimulus bill with green energy crap, race/sex bias (uh, I mean "diversity"), abortion, immigration and other things that have nothing to do with stimulus.
Gilead pauses access to experimental Covid-19 drug due to ‘overwhelming demand’ What the shit are you talking about? What good is a drug that isn't available to the public. https://www.statnews.com/2020/03/22/gilead-suspends-access-to-experimental-covid-19-drug-remdesivir/
Compassionate use is not supposed to be given to hundreds of patients, takes a lot of red tapes to get one approved. So now the FDA moved it to orphan drug, allowing more to get it faster at the same time collecting data to prove/disprove it.
Yup, Hep-C has been cured: https://www.healthline.com/health/hepatitis-c/can-it-be-cured#medications You might be thinking of Herpes...you'll have to wait a bit longer for that...
The question is who is going to take SPY to 350 when companies are no longer buying back their stocks. They don’t have cash and can’t use repos for that. The whole concept of buybacks just went away.
This picture says it all https://www.zerohedge.com/s3/files/inline-images/EFO80C2WwAAqq8E.png?itok=mPry_9aT
Bookmark the all-in call from last week and a few hundred SPX points higher as well. These guys just pretend that 10-12% drops prior to any upside can be ignored. Of course, it's all monopoly money anyways.